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Groundbreaking, Multilateral Trans-Pacific Partnership Trade Talks Conclude – Enactment Pending Lawmakers Assessment of the Deal

After nearly a decade of talks, the United States and eleven other negotiating partners announced on October 5, 2015 the conclusion of the Trans-Pacific Partnership (TPP) trade agreement, marking an important milestone toward...more

Treasury and U.S. Trade Representative Notify Congress of Intent to Initiate Negotiations on Covered Agreement With EU Regarding...

On Friday, November 20, 2015, the U.S. Department of the Treasury and the U.S. Trade Representative (USTR) notified the chairs of the U.S. House Financial Services Committee, House Ways and Means Committee, Senate Banking...more

California Amends LLC Law, Eases Lender Obligations

Why it matters - Earlier this month, California Governor Jerry Brown signed into law Assembly Bill 506, a measure that amended the state's Revised Uniform Limited Partnership Act, making it easier for lenders to make...more

Government Contracts Quarterly Update November 2015

The Government Contracts Quarterly Update is published by BakerHostetler’s Government Contracts Practice team to inform our clients and friends of the latest developments in federal government contracting....more

Blog: ILS Provisions Added To The Bank Of England & Financial Services Bill, As It Makes Its Way Through The House Of Lords

The UK government has proposed amendments to the Bank of England and Financial Services Bill (the Bill), which if enacted, would pave the way for Insurance Linked Securities (ILS) and collateralised reinsurance business...more

Franchises Act soon to become law in British Columbia: key provisions for franchisors

British Columbia’s legislature has completed the third reading of Bill 38-2015, the BC Franchises Act. Its quick movement – the bill was introduced to the legislature on October 5 - is the culmination of work that began...more

Congress Overhauls the Partnership Tax Audit Rules

On November 2, 2015, President Obama signed the Bipartisan Budget Act of 2015 (the “Bill”), which repeals the TEFRA Unified Audit Procedures and replaces them with a radically modified “corporate” model for partnership tax...more

Partnership-Level Tax Under New Audit Rules

The Bipartisan Budget Act of 2015, signed into law on November 2, 2015, has significantly changed the partnership tax audit rules, effective for tax years beginning after December 31, 2017. Under the current partnership...more

EU and US Take Actions to Ease Belarus Sanctions

On October 29, 2015, the EU and the United States took separate action to ease certain Belarus-related sanctions. As of October 31, 2015, the EU suspended asset freezes and travel restrictions imposed on 170 persons, as well...more

Proposed US and EU Trade Secrets Laws Progress but Unlikely to be Enacted This Year

There’s no doubt that protection of trade secrets is a major concern for most businesses operating in today’s global economy. As we have previously discussed, a few years ago CREATe.org and PwC US released a report that...more

False Hope or a Possible Safe Harbor Reboot?

With EU-U.S. data transfer scheme Safe Harbor being found to be “invalid” recently by Europe’s top court, pressure has increased on U.S. and EU officials to put aside differences and see if an alternative 2.0 scheme could be...more

Strike out? UK issues proposals to curb strikes

Plans to modernise London's underground (known as the Tube) to offer a 24-hour weekend service on selected lines has resulted in London being held to ransom as Tube staff walked out in a series of strikes during August 2015....more

United States and European Union Reach Agreement in Principle for Continued Transatlantic Data Transfers Following Safe Harbor...

In the wake of the European Court of Justice’s (“CJEU”) landmark decision of Schrems v. Data Protection Authority earlier this month, the EU Justice Commissioner Vera Jourova announced this week that the EU has “agreed in...more

California Highway Patrol seeks to eliminate identity theft in vehicle purchases with proposed new thumbprint requirement

Every year, millions of dollars are lost by finance companies and dealerships due to fraud and identity theft related crimes. Even worse, due to the lack of accurate personal information on an identity theft suspect,...more

Congress Passes Partnership Audit Reform – Obama Expected to Sign

Last week the Senate passed H.R. 1314 (The Bipartisan Budget Act of 2015), which will completely change the way partnerships (and LLCs taxed as partnerships) are audited.  The House passed the legislation on Wednesday and it...more

European Commission’s Draft Investment Chapter For TTIP: Towards The End Of Investment Treaties As We Know Them?

If it ever sees the light of day (and the politics on both sides of the Atlantic are complicated), it will be a broad free trade agreement (FTA) with 24 chapters on, among other things, market access for goods and services,...more

Cybersecurity and Data Privacy: Cybersecurity Information Sharing Act Passes Senate, Would Encourage Business to Share...

Sharing information about cyber threats and analysis is a cybersecurity best practice but can often come into conflict with a company’s protection of its own data and that of its customers. On October 27, 2015, the U.S....more

White House Announces Nominations for SEC Commissioner

On October 20, the White House announced two intended nominations for Daniel Gallagher’s replacement as SEC Commissioner, Hester Maria Pierce and Lisa M. Fairfax. Currently, Ms. Pierce is a Senior Research Fellow and Director...more

The Latest in the EU’s Post-Safe Harbor Era

In light of the EU’s destruction of the Safe Harbor that we’ve previously discussed in this blog, we take the opportunity to update with the latest from EU Commissioner, Vera Jourová, who, in an address to the EU Parliament’s...more

European Commission Pushes New Agreement with the US

On October 26, the European Commissioner Vera Jourová addressed the Parliament Committee on Civil Liberties, Justice and Home Affairs to discuss the consequences of the Schrems Judgment of the Court of Justice of the European...more

November Is Coming: Voting and Other Leaves

The leaves are changing, and the air is turning cooler. While employers are gearing up for fall, voting leave may be far from their minds. After all, even though the presidential candidates are in full swing campaign mode,...more

NC Politics in the News

TRIANGLE BUSINESS JOURNAL: Forbes: North Carolina No. 2 best state for business, careers - North Carolina rises on Forbes’ list of best states for business and careers this year, with the state taking over the No. 2...more

The Latest in the EU’s Post-Safe Harbor Era

In light of the EU’s destruction of the Safe Harbor that we’ve previously discussed in this blog, we take the opportunity to update with the latest from EU Commissioner, Vera Jourová, who, in an address to the EU Parliament’s...more

Key Policy Initiatives from Canada's New Liberal Government You Need to Anticipate

The Canadian election last week (October 19) produced a new government under Liberal Party leader Justin Trudeau. Defying speculation of a minority government, the Liberals won a clear majority, defeating the NDP and Stephen...more

German Data Protection Authorities: Hope for Model Contracts?

An early Position Paper of the German data protection authority of Schleswig-Holstein on the Schrems Judgment of the Court of Justice of the European Union (ECJ) gave little hope for practical alternatives to Safe Harbor. On...more

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